Multiple Choice
A $10,000 91-day T-Bill was purchased for $9889.05 to yield 4.5%.The T-bill is sold 32 days later to an investor who wishes to yield 4.15%.At what price is the T-bill sold?
A) $9897.59
B) $9925.03
C) $9928.06
D) $9933.36
Correct Answer:
Verified
Correct Answer:
Verified
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